You have the yellow light of death its caused by a hardware malfunction usually the gpu or cpu stuffing up its tricky to fix if you dnt know much bout electronics but it is covered by warranty so if you still have the warranty send it back for a new one

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holy **** mate you have ylod yellow light of death the problem is the motherboard is over heating and this cause the soilder in the bga`s to crack and that is ylod how ever i can tell you a repair just get back to me and rate me thanks pot07

THIS CAN BE SOLVED IF YOUR PS3 IS OUT OF WARRANTYThe yellow flashing dot of death does normally mean that your PS3 is Dead but there is a way to fix itMy PS3 would not start and the indication light just flashed between yellow and red Your options are: New PS3 £250, PS3 from Sony second hand £150 or £5 fix1.Undo the screw below the warranty sticker in bottom of PS32.Slide the lid of3.Remove all bolts4.Remove all main components until the mother board is free from the unit5.Remove the thermal gel on the back of the 2 main chips to the heat sinks6.Clean any excess dust by blowing away do not use and dusters or leky equipment 7.Level up the m board and heat over all the board with a heat gun, needs to be really hot to melt the solder but not damage the board or components8.Allow to cool and turn over repeat the above9.Buy some thermal gel online and replace the gel removed of the chips using a credit card10.Once cool after 15 to 20 mins replace all the components and PS3 Lid11.Run a fan test on your ps3 (turn of at the back hold down the eject disk button and turn back on keeping the eject disc button held down until fan starts)12.Turn you ps3 on and bam your back on COD or FIFA (add wadhapa)Hope this is of some help but this is only recommended if your PS3 is out of warranty and you are not sending it back for a Second hand Sony one